Ethereum Gained 35% This Week, Beating Bitcoin's Investment Potential

Ethereum is growing fast and outperforming Bitcoin, and it could soon reach $3,000 if its current momentum keeps up.

Ethereum has shot up 35% in the last week, one of its biggest gains yet. As a result, it has outperformed Bitcoin, which only went up 2.48% in the last seven days.

While Ethereum's momentum has slowed, and the coin is down 1.55% in the last 24 hours, leaving its value at $2,556 (ETH/USD), the coin looks to be gearing back up for a further bullish trend, as the last hour has seen a positive change of 1.72%.

Because of that strong upward momentum, Ethereum has earned more for its investors this week than Bitcoin has for its. There is a case to be made that Ethereum is the better investment at the moment, though that may not be the case for a lot longer. However, Ethereum was climbing even before the trade agreement between the United States and China was revealed, boosted by a smooth transition to its Pectra upgrade.

When Will Ethereum Reach $3,000?

Even the recently best performing coins like Trump and WIF cannot keep up with Ethereum's incredible performance. It is no wonder that investors are wondering how soon Ethereum will reach $3K. We last saw the token hit that mark at the beginning of February, before new tariffs drove the market down.

There has been enough strong momentum for the coin that it is reasonable to expect it will reach $3K very soon. ETH is only 17% away from that level now, meaning that its current momentum could carry it to $3K in just a few days.

The data for Ethereum shows that it is in a breakout position, poised to climb much higher over the short term. We expect that it will continue to outperform Bitcoin for a while, but do not expect it to perform at that extremely high level for a long time.

Ethereum has a long way to go to reach its 2021 peak of $4,100, but it is well on its way to establishing a higher support level and building from there. If the tariffs can stay out of its way for a while longer, we could see a new record for ETH by the end of the year, propelled there by a strong economy, falling inflation, and a couple Fed interest rate cuts.